The USD/JPY has been one of the most interesting pairs to trade in 2022. The pair has had it all, including hitting record highs and central bank intervention. But the year is not over, and some more market events are primed to possibly inject a little more volatility into the pair.
Tomorrow will be the Bank of Japan’s interest rate decision. While markets...
Gold has recovered almost half of the losses experienced after its March 2022 peak after creating a strong demand zone around $1,621.40. This support area made a strong triple bottom pattern. Since then, we can see a consecutive higher high, finally breaking the downward trend line. The price retested the trend line at around $1,730.00, but new support at this...
The central banks of the most traded currency pair are both making very important interest rate decisions this week in quick succession.
On Thursday (8.00am NZDT) the US Federal Reserve will deliver its final interest rate decision for the year. Less than 24 hours later, the European Central Bank will deliver its own decision.
What these decisions will be,...
The trading volume of a coin or token is used to measure the activity of the asset over some time, usually over one trading day.
Generally, Trading volumes are correlated with crypto prices. When the prices for crypto assets are rising, especially at the abnormal rate that they have demonstrated in the past, their presence in the media also rises, and traders...
Twitter owner and Chief Executive Officer Elon Musk told a Twitter Spaces conversation on Dec. 3 that Apple has fully resumed advertising on the social media platform.
Musk noted that the iPhone and Mac manufacturer is Twitter's largest advertiser. Its return to full advertising on the platform follows a meeting between Musk and Apple CEO Tim Cook, wherein they...
Dogecoin has now made its way through a trend reversal, after its sharp rise and pullback in the back half of October and first half of November. In October, DOGE began a massive rally, gaining over +150% in just five days. About half of these gains have been given up now as some traders booked their profits. In the middle of November, Dogecoin experienced a...
Trading cryptocurrency could be highly rewarding using the right indicators and TradingView strategies. A TradingView strategy is a script that can send, modify and cancel buy and sell orders when it recognises specific conditions on the chart. In addition, strategies allow traders to carry out back testing to expose the validity of a strategy while on TradingView...
Trading cryptocurrency could be highly rewarding using the right indicators and TradingView strategies. A TradingView strategy is a script that can send, modify and cancel buy and sell orders when it recognises specific conditions on the chart. In addition, strategies allow traders to carry out back testing to expose the validity of a strategy while on TradingView...
Bahamas-based cryptocurrency exchange FTX's filing of Chapter 11 bankruptcy on Nov. 11 have sent stocks of financial services companies dealing digital assets tumbling, further reducing the already dented confidence for the cryptocurrency industry.
According to Bloomberg News-compiled data, the implosion of FTX, which at its peak was the third-largest...
When it comes to trading cryptocurrencies, many traders can be confused about which asset to trade. There are thousands of cryptocurrency projects on the market, of varying market capitalisation and utility. It is the latter quality that I want to focus on in this article as the size of the cryptocurrency can significantly affect the volatility and trading...
The biggest event in the world is occurring right now in Qatar. 32 national teams are contesting the FIFA World Cup, drawing in audiences in the billions. With so many eyes on the games, it could be argued that it is a forex market moving event. With this hypothesis in mind, let us review some of the recent games played over the weekend and see how they match up...
Walmart and Target released diverging outlooks for the final quarter of 2022 as the companies' respective recent financial results show how rising inflation prompts consumers in the US to be extra mindful and plan their purchases instead of becoming abrupt buyers who will end up buying more than intended.
The change in consumer behavior benefited retail...
Trading Ethereum can be a completely different experience to trading Bitcoin and other cryptocurrencies. While most cryptocurrency will typically move in unison, each Cryptocurrency does still have its own fundamental factors unique to its particular ecosystem, which means that they can move at different intensities and sometimes these unique aspects means they...
The NZD/USD has been on an uptrend since mid-October. However, this rally may be on a temporary halt as the pair hits the upper trend line on its downward channel, as shown below in the daily timeframe chart. For now, the long-term downtrend, since the start of the year, is still intact and could signal a possible reversal for the short-term rally for the New...
The Euro has lost some ground against the US dollar after reports that Russian missiles had struck inside the Polish border killing two polish citizens.
The reason for the drop in the Euro is because Poland is a NATO member and the potential results of this, yet unverified report, is a retaliation from Polish and/ or NATO forces. Poland has previously noted that...
Huge, unexpected moves occurred across several markets after the US inflation report for October was released last Thursday. For those that missed the news, US inflation came in softer-than-expected at 7.7% (vs. 8.0% expected, and down from 8.2% in the previous month) suggesting that the US Federal Reserve's policy tightening has started to work its magic, and...
So many factors are affecting the currency markets right now that it can be hard to get your head around them all.
Activity is definitely centered on the US. Last week, we had the US Federal Reserve’s interest rate decision and US Non Farm Payrolls which is still lingering in the minds of traders. The latter jobs data is pointing to a slowdown in the Us...
The indicators offered by TradingView extend beyond their usefulness for forex, commodities, and stock trading and into the world of cryptocurreny.
In this article, I want to explore two TradingView indicators that Bitcoin traders may like to take a closer look at.
Sentiment Indicators
Cryptocurrency is an asset that can rely heavily on the sentiment of...
